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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results

Sun Peak samples 16.35 g/t Au, 180 g/t Ag at Halahila

By The Northwire Desk — AI Analysis Jan 22, 2026 · 12:40 PEAK · 0.38 Sun Peak Metals Corp.
PEAK · Price

Executive Summary

  • Sun Peak Metals Corp. reported initial surface rock-chip sampling results from its 100%-owned Halahila VMS project in Saudi Arabia, highlighting significant gold and silver values.
  • The sampling program identified a mineralized zone exceeding 650 meters of strike length with widths up to 30 meters, representing the first exploration data since the acquisition of Saudi Discovery Company in December 2025.
  • The company plans to conduct ground-based TDEM surveys in Q1 2026 and anticipates an initial drill program in Q3 2026 to test the down-dip extension of the oxide gold mineralization.

Key Details

  • Sample Results:
    • 24 of 98 samples (25%) returned greater than 1 g/t gold, with values up to 16.35 g/t gold.
    • 28 of 98 samples (29%) returned greater than 10 g/t silver, with values up to 180 g/t silver.
  • Geological Context:
    • Systematic geological mapping and rock-chip sampling outline a mineralized zone exceeding 650 meters of strike length.
    • Zone widths are up to 30 meters.
    • Samples were collected from surface exposures within the gold-silver-rich oxide (gossan) zone.
  • Project Location:
    • Halahila project is a 35-square-kilometre site within the Kutam-Al Masane VMS belt of the southern Asir Terrane in Saudi Arabia.
    • Located near the Al Masane copper-zinc mining complex (45 km north) and the historic Kutam copper mine (40 km west).
  • Future Exploration Plans:
    • Q1 2026: Conduct ground-based time-domain electromagnetic (TDEM) surveys to define priority drill targets.
    • Q1 2026: Conduct a property-wide drone magnetic survey for high-resolution magnetic data.
    • Q3 2026: Anticipated initial drill program to test down-dip extension and continuity of oxide gold mineralization and evaluate potential for underlying supergene and primary massive sulphide mineralization.
  • Portfolio Status:
    • Company holds 100% ownership of six exploration licenses covering ~438 square km in Saudi Arabia.
    • Expects to add ~800 square km via the finalization of the MIM Round 9 Auction (held Q4 2025) and two accepted license applications (Massa SW and Massa SE).
    • Company closed a $6.7-million financing in December 2025 and is fully financed for systematic exploration.
  • Quality Control:
    • Qualified Person: Arron Albano, PGeo.
    • Samples analyzed at ALS Global Lab or Al-Amri Labs in Jeddah, KSA.
    • Analysis methods: Gold by fire assay; silver and multielement analyses by ICP.

Notable Quotes

  • "Our exploration team is highly encouraged by the initial results from the Halahila project. The project represents a compelling copper-gold-silver VMS target within the Kutam-Al Masane VMS belt in Saudi Arabia. The target, which is comparable to targets the team previously drilled in East Africa, has strong surface gold and silver values, and warrants further, aggressive and systematic exploration. We are eager to advance the entire property through targeted and regional geophysical programs to better define subsurface controls on mineralization in preparation for drilling this year." — Greg Davis, CEO
Read the original news release →

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